Credit and Loans

the amount borrowed or the amount of a loan still unpaid

• principal

• bankruptcy

• borrow

• credit score

• interest

an arrangement after financial collapse in which a business rearranges its finances

• principal

• bankruptcy

• borrow

• credit score

• interest

to obtain money by promising to repay it

• principal

• bankruptcy

• borrow

• credit score

• interest

the the measure of how worthy a person is to receive loans

• principal

• bankruptcy

• borrow

• credit score

• interest

a charge or fee in exchange for borrowing money

• principal

• bankruptcy

• borrow

• credit score

• interest

Having a credit card means that you will be able to use it to (a)   something.

When consumers use credit, they are taking on a (a)   that must be repaid.

Credit cards are issued by banks . • Cards can be used to make purchases. • A ________ payment is required each month.

• minimum

• maximum

• large

• mortgage

A _______ is a loan that can be used to purchase a home or property . • A bank lends a borrower money to make a purchase. • The borrower agrees to make regular payments to the bank for a long period

• mortgage

• credit card

• vehicle

• savings

My friend offered the bank his house as .... when he needed a loan.

• collateral

• debt

• term

• tenure